Long run portfolio returns on bonds and stocks in the Kenyan market
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Date
2008Author
Luketero, Stephen W
Type
ThesisLanguage
enMetadata
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This study seeks to investigate long-run real returns on stocks and bonds in the
Kenyan market. Empirical evidence suggests that long-run real return on stocks is
higher than long-run real return on bonds.
In this project we examine returns on bonds and stocks at the NSE for the period
1999 to 2006. To be able to compute real returns we incorporate inflation for the
same period of time. To able to achieve results we perform correlation between the
real returns on stocks and bonds.
Furthermore we regress real returns on stocks against returns on bonds, inflation
and real returns on bonds. This gives us a regression model relating the given
variables. We also test the significance level at 95% Confidence Interval.
Citation
MBASponsorhip
University of NairobiPublisher
University of Nairobi School of Business, College of Humanities and Social Sciences